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BRIEF-Yanchang Petroleum International issues profit warning

Published 2015-08-06, 04:47 a/m
© Reuters.  BRIEF-Yanchang Petroleum International issues profit warning
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Aug 6 (Reuters) - Yanchang Petroleum International Ltd 0346.HK :
* Profit warning 0346.HK
* Yanchang petroleum-group is expected to record a loss of approximately hk$12 million for the six months ended 30 June 2015
* Loss mainly due to the operating loss of about hk$40 million recorded by the crude oil and natural gas production business in Canada
* In view of the current low crude oil prices, the group has introduced various measures to mitigate the operational pressure
* Says introduced various measures to mitigate the operational pressure
* Says introduced stringent controls on operating costs and capital expenditure

* Source text for Eikon ID:nHKS3ss665

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